Legal & General Group Plc Acquires 771,405 Shares of A10 Networks, Inc. $ATEN

Legal & General Group Plc lifted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 348.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 992,678 shares of the communications equipment provider’s stock after acquiring an additional 771,405 shares during the quarter. Legal & General Group Plc owned 1.38% of A10 Networks worth $19,208,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ATEN. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in A10 Networks by 1.6% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 141,803 shares of the communications equipment provider’s stock valued at $2,744,000 after purchasing an additional 2,218 shares during the period. Creative Planning boosted its holdings in shares of A10 Networks by 36.0% in the 2nd quarter. Creative Planning now owns 21,518 shares of the communications equipment provider’s stock worth $416,000 after buying an additional 5,696 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of A10 Networks by 4.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,506 shares of the communications equipment provider’s stock worth $358,000 after buying an additional 871 shares during the last quarter. Geode Capital Management LLC grew its position in A10 Networks by 3.0% during the second quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider’s stock valued at $34,516,000 after buying an additional 51,454 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in A10 Networks by 21.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,610 shares of the communications equipment provider’s stock worth $4,985,000 after buying an additional 45,674 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Up 1.4%

Shares of ATEN stock opened at $17.22 on Friday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.32 and a beta of 1.30. A10 Networks, Inc. has a 1 year low of $13.81 and a 1 year high of $21.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. The company’s fifty day simple moving average is $17.68 and its two-hundred day simple moving average is $17.89.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The business had revenue of $74.68 million during the quarter, compared to the consensus estimate of $70.70 million. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 17th. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. BTIG Research raised shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, A10 Networks presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.